D.A. Davidson & CO. raised its holdings in shares of Praxair, Inc. (NYSE:PX) by 42.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,989 shares of the basic materials company’s stock after buying an additional 894 shares during the quarter. D.A. Davidson & CO.’s holdings in Praxair were worth $462,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Cerebellum GP LLC acquired a new position in shares of Praxair during the fourth quarter worth approximately $128,000. Accident Compensation Corp acquired a new position in shares of Praxair during the third quarter worth approximately $140,000. San Francisco Sentry Investment Group CA lifted its holdings in shares of Praxair by 2,171.1% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,022 shares of the basic materials company’s stock worth $143,000 after buying an additional 977 shares during the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of Praxair during the third quarter worth approximately $169,000. Finally, Cable Hill Partners LLC lifted its holdings in shares of Praxair by 678.9% during the third quarter. Cable Hill Partners LLC now owns 1,441 shares of the basic materials company’s stock worth $201,000 after buying an additional 1,256 shares during the last quarter. Institutional investors own 84.93% of the company’s stock.
A number of research analysts have recently commented on the company. Seaport Global Securities reiterated a “hold” rating and set a $165.00 price target on shares of Praxair in a report on Wednesday, January 31st. TheStreet lowered Praxair from an “a-” rating to a “c+” rating in a report on Thursday, January 25th. SunTrust Banks upped their price target on Praxair to $185.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Barclays upped their price target on Praxair from $160.00 to $170.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Finally, Citigroup reiterated a “buy” rating and set a $188.00 price target on shares of Praxair in a report on Friday, January 26th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Praxair has a consensus rating of “Buy” and a consensus price target of $167.50.
Shares of Praxair, Inc. (NYSE:PX) opened at $155.62 on Friday. The stock has a market capitalization of $43,730.27, a P/E ratio of 36.02, a PEG ratio of 1.99 and a beta of 1.03. The company has a current ratio of 0.99, a quick ratio of 0.81 and a debt-to-equity ratio of 1.20. Praxair, Inc. has a 1 year low of $115.67 and a 1 year high of $166.95.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, March 7th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Tuesday, March 6th. This is a boost from Praxair’s previous quarterly dividend of $0.79. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.12%. Praxair’s payout ratio is currently 72.92%.
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Praxair, Inc is an industrial gas company. The Company’s operations are organized into five segments, four of which have been determined on a geographic basis of segmentation: North America, Europe, South America and Asia. In addition, it operates its surface technologies business through its subsidiary, Praxair Surface Technologies, Inc, which represents the fifth segment.
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